During a break from a tedious deposition a few years ago, Stoell Rives partner Teague Orgeman and his law colleague Thomas Braun started wondering why “there wasn’t a dominant—or even...
The U.S. Supreme Court Decision about sports betting was a win for Mark Cuban, and not only because he’s the owner of the NBA’s Dallas Mavericks. Traditional sports owners with a vested interest in esports, such as Cuban, stand to gain doubly from relaxed wagering rules in the U.S. Cuban believes gambling will increase interest […]
Daily fantasy sports site FanDuel is being taken over by U.K.-based betting house Paddy Power Betfair, a deal that will give one of Europe’s largest bookmaking companies access to the U.S. market in a new era of legalized sports gambling. Paddy Power Betfair agreed to pay $158 million for 61% of FanDuel. It will up […]
The Wings and the Mercury will tip off the 2018 WNBA season tonight in the same week that the U.S. Supreme Court moved to legalize sports gambling. And what happens with the WNBA might indicate what a deeper integration of sports and betting might look like in America. On Thursday, the WNBA and FanDuel extended […]
FanDuel has announced the launch of a new daily fantasy NASCAR game even though, under current law, the product’s legality is murky or even dubious. The NASCAR DFS game — which chief rival DraftKings has been operating since 2015 — launches on Tuesday with a free contest for this Sunday’s race at Talladega. The 2006 […]
